It is totally possible that there are edge cases where we are wrong. While we’ve personally performed split tests between carousels and their elements and always came up with an individual slide (rather than the whole carousel) as the highest revenue generating source, it is possible that there will be some cases where a carousel is better for conversions.
To go with your example, assuming each group has 50%, it's still tough. The actual conversion rate of the carousel in your example will be T x 60% + (1-T) x 30%, where T is the fraction of users who actually wait for the second image. Some simple algebra suggests that for this to exceed 40%, you'll need T > 1/3.
A good intuitive way to think about it is this: if you're only showing the second carousel image to people who the first image failed to convert then there's zero down-side.
In practice there are some users who would convert if shown the first image for longer who you'll lose by rotating to another image, but that's what you need to measure to decide if it's worth having a carousel.
I don't think we really disagree - you should test the carousel, and cases where it wins will be edge cases usually.
I've personally never seen carousels out-perform alternatives like having multiple images on the page, or multiple landing pages with separate messaging, or just dropping multiple options for the one that's most important.
I'm sure that there are some cases where they're an effective option - but I've yet to come across one in testing.
As Brad Frost once observed "Carousels exist to keep people from beating the shit out of each other in meetings." - https://twitter.com/karenmcgrane/status/316563205294010370
And sometimes "people" is just the different people in your head who want to talk about ALL THE THINGS - when talking about just the most important one is what you really need to do.
In an ideal world, what you should do instead is parametric optimization of some sort instead of a carousel - so you can hit that other 20%
Essentially a carousel gives you a "second-bite" at your customer, i.e. the second image is a chance to convert those customers who haven't already been converted by the first image.
Imagine you have two images one which converts at 40% and one which converts at 20% - but each image converts completely different groups; by carouseling the images you could end up with 40%+20% conversion.
In practice you won't because of overlaps, drop-off from people who never see the second image, etc. but it's definitely possible to exceed the maximum conversion of an individual image.
(obviously you should A/B test for your circumstances)